Introduction

Warren Buffett is an American business magnate, investor, and philanthropist. He is considered to be the best and most successful investor in the world, and you’ll soon see why.

Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and he’s also one of the richest people in the world. Warren Buffett’s net worth is estimated to be $81 billion in 2018.

Early Life

Warren Buffett was born on the 30th of August, 1930, in Omaha, Nebraska.

He has two older sisters, and his parents were Leila and Howard. Buffett went to Rose Hill Elementary School. However, in 1942, his father, a congressman, was elected to the first of four terms in the United States Congress.

The family moved to Washington, D.C., where Warren finished elementary school. He then attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947.

Career

Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc.

In 1979, Berkshire began the year trading at $775 per share and ended at $1,310. Buffett’s net worth reached $620 million.

Buffett became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at $7,175 a share.

3 Key to Success from Warren Buffett

Now you know all about Warren Buffett’s net worth, and how he achieved success; here are some of the best success lessons to learn from Warren Buffett:

1. Save Before Spending

The best way to invest your money is by setting a set amount aside every month to save or invest. Then use the rest to pay your bills and purchase anything you might want.

If, however, you wait until the end of the month, you end up spending more. This is because you have more on-tap to spend, and therefore you will buy things you don’t necessarily need. And save nothing.

2. Keep Good Company

As the saying goes, you are the average of the 5 people you spend the most time with.

So here’s the thing: you have to keep great company.

Surround yourself with people who build you up, who challenge you to grow. People who can help you with your goals, and provide you with the knowledge you are otherwise unable to acquire.

3. Enjoy What You Do

Buffett believes that our lives are very short, and taking up jobs we don’t like, though they may provide us with riches, is just not worth our time.

The only way to live a successful life is to do what you love, and not waste your time being miserable. Even though you may receive a lot of money for doing so.

Warren Buffett – Business Motivation

Summary

Warren Buffett is the most successful investor in the world. It would be hard to think otherwise considering his net worth. In 2018, Warren Buffett’s net worth is estimated at just over $81 billion, and he remains in the top 5 richest men in the world.

What do you think of Warren Buffett’s net worth? Leave a comment below.

Dan Western is the founder of Wealthy Gorilla. Dan is a young ambitious guy who has been researching self-development for the past two years and is now off travelling the world. His mission is to inspire others to live their dreams and be the person to whom they say; "Because of you, I never gave up." Join Wealthy Gorilla on Facebook.